Neil O'Brien MP Profile picture
MP for Harborough, Oadby & Wigston Email: For constituency issues please email rather than tweet
16 Oct
1 or 2 MPs have advocated the ideas in the “Great Barrington Declaration”: that we should get back to normal, go for herd immunity, & try to shield the elderly & vulnerable. Rather than dismiss this out of hand I've tried to crunch some numbers on what it would mean in practice.
First, how many people would need to totally isolate as the virus accelerates through the rest of the population?
Read 25 tweets
7 Sep
Quick thread on our "levelling up" report today & new Taskforce.

Most people know there's a big gap in earnings and incomes between London, the SE & Scotland on the one hand and the rest of the country on the other (map below). But lots turns on how you measure things... (1/15)
My report looks at how subtly different ways of measuring performance can tell VERY different stories about what's happening in different places. (2/15)
For example, if you look at the employment rate for 16-64 year olds, London is in the middle of the pack.

But look at 16+ employment, and London (in red) is zooming ahead - pension age employment is much higher there. (3/15)
Read 15 tweets
6 Mar
Here's a strange thing. Certain types of spending, transport, R&D, housing, culture, are vital to boost productivity. Yet in Britain we spend more on these things in places where productivity is already high. @guymiscampbell and I have a report out exploring why. Thread ahoy!
First, transport. London is the big winner, followed by two other high-productivity places. Between 2007/8 and 2018/19 capital spending on transport in London was around £6,600 per head, nearly three (2.75) times the average in the rest of England (£2,400).
There are multiple reasons for this. Places with strong devolved governments (London &Scotland) have more capacity to bid. We spend a big chunk of the budget on rail, which is a big share of journeys in London, but v small elsewhere. London makes out like a bandit on rail spend:
Read 18 tweets
25 Jun 19
My Spectator piece on why we should put low and middle income families at the front of the queue for tax cuts - a quick thread (1/)…
Raising Higher Rate threshold benefits a bit over 4 million people.
Raising the starting rate for National Insurance would benefit 32 million people.
Cutting council tax benefits 27 million households.
We must focus on cutting the taxes people on average incomes pay.
The CPS, polled the idea of raising the national insurance threshold to £12,000 a year – and found that 76% approved.
In contrast, raising the top rate threshold polls badly. A Populus poll found that 58% of voters said they were against, and only 21% in favour.
Read 13 tweets
31 May 19
Here's the argument of my new paper in graph form.

First, after 9 years of difficult decisions, debt is set to fall from 83 to 73% GDP. If we reduce it more slowly or even keep it flat, that unlocks up to £190 billion to cut tax or increase spending over the next 4 years (1/)
But we can't go crazy. We just had a big increase in debt. Britain is an ageing society. Financial repression doesn't cut debt 3-4% every year as in the postwar years. As OBR has pointed out, borrowing costs are more likely to go up than down. OBR debt projection looks scary (2/)
Hence the suggestion in the paper of an expert-led Commission on Sustainable Public Services, running over the next SR period. The solutions to our long term debt problems have been discussed for years, but haven't landed. 2017 election showed how not to do it. (3/)
Read 22 tweets
15 May 19
At PMQs Corbyn claimed we are "seeing the rich get richer while the poor get poorer".

It's literally the other way round - income growth since 2010 has been strongest for poorer households because of record employment + Living Wage + tax cuts. Only fall was in top 10%. (1/)
The whole implication of Corbyn's attack was that inequality has increased. But actually it is down compared to the last Labour government, however you measure it (2/)
I welcome the IFS work on inequality, but there is currently no sign that UK levels of inequality are converging on the US. On World Bank data it looks like they are diverging (3/)
Read 4 tweets